Entry into Real Estate Profession

Discussion in 'Property Experts' started by Johnno1969, 19th Sep, 2017.

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  1. Johnno1969

    Johnno1969 New Member

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    Hi, I'm looking into entering the Real Estate Profession to help investors and home buyers alike acquire property/properties.

    What courses would I need to do?
    Do I need to become a Justice of the Peace?
    Is there too many ppl trying to get into the profession?
    Is age 48 'too old' to enter the profession?
    Cheers :)
     
  2. Trainee

    Trainee Well-Known Member

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    Do you want to be a sellers agent, or a buyers agent? Traditional agents help sellers sell.
     
  3. LifesGood

    LifesGood Well-Known Member

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    You're never too old. What state are you in?
     
  4. D.T.

    D.T. Specialist Property Manager Business Member

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    Hey,
    What area are you in?

    In the same order as your points:

    Quals vary per state, but here need cert 4 in real estate to work for someone else or the diploma to be a principal. Check the fair trading (or the equivalent in your state) website in your state it'll usually have details.

    Don't need to be a JP, not sure where you got that from.

    There's lots of people in the industry. Have some drive and a point of difference and you can go far.

    And certainly no age limit. Maybe make sure you have a financial buffer though.


    Good luck,
    Dave
     
  5. Scott No Mates

    Scott No Mates Well-Known Member

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    Here's a starting point for NSW - Linky
     
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  6. jim1964

    jim1964 1941

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    I'm 53 and just completed the Diploma Real Estate,now a Registered Land Agent.Age shouldn't be a barrier.
     
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  7. Scott No Mates

    Scott No Mates Well-Known Member

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    Did the course include the DIY lobotomy? ;)
     
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  8. D.T.

    D.T. Specialist Property Manager Business Member

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    Grats mate, so whats the plan now?
    DIY?! No, they do it for you of course ;)
     
  9. jim1964

    jim1964 1941

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    1st things 1st, i am going to Tasmania for a break for a month.I have a few things on the go,ultimately i will set up something which allows me to give something back to what allows me to be who,where and what i am today.I like the idea of helping people achieve their goals,and them financially benefit from it.
     
    Last edited: 20th Sep, 2017
  10. fols

    fols Well-Known Member

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    How could you help investors? Are you a successful investor yourself? Do you live eat sleep and breathe property?

    To be a Buyers Agent you need to have the relevant qualifications for each state you want to work in (usually a full real estate licence). Just as importantly you need to consider what you are bringing to the table in terms of investing experience or expertise. It's a crowded market, how would you differentiate, and why would investors choose you?

    What line of work are you currently in? Are the skills transferable?

    Just a few of the many questions to consider.

    Never too old though, especially if you have the 'big why' and the passion!

    Good luck with it. ✌️
     
    Last edited: 22nd Sep, 2017
  11. IbnBattuta

    IbnBattuta Member

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    Assuming you plan on working in NSW then all that is needed if you just want to sell real estate and would be doing it under someone else's licence is a Certificate of Registration. It can easily be done online or a 2 day face to face course.If you wanted to work under your own licence you would have to complete the Certificate IV in property services. A little bit more involved then the Certificate of Registration but still fairly easy.
    To be a buyers agent you would need to complete a number of modules from the Certificate IV but not the whole thing.
     
  12. JimKate

    JimKate New Member

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    I know it's a bit old thread just wanted to say real estate is a vast domain, people now entering this industry with thorough education and knowledge to better survive in this world. I would say get the license and other relevant knowledge and then dive.
     
  13. New Town

    New Town Well-Known Member

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    Never too old but must look at the condition of the market. Starting real estate in a slow market is not fun, and the roles you mention are very "sales" oriented. Property management or resi sales are the biggest areas of employment for beginners. With PM probably more stable.

    Otherwise I would generally suggest a basic commercial property manager position as it gives a good grounding in the nuts and bolts of property.
     
  14. balwoges

    balwoges Well-Known Member

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    The pressure on sales staff is enormous these days, if you dont make X amount you are out. Some of the toughest people I have met were Licencees and not many showed mercy. Being a PM is is no piece of cake either, most REA's prefer younger generation so they only have to pay a pittance while they learn. [See complaints of PM's on this forum] A commercial PM required a lot more experience and probably a uni degree these days. Sorry to throw cold water on your hopes but that's the way it is ... :(

    I had a long conversation with the REA who handled the sale of my present house 3 years ago, we had a cup of coffee and we exchanged info about our experiences working in the industry. It was bad when I was working but I was shocked at the conditions he worked under, 12 hour days, 6 days a week and a sales figure he had to reach every month. His family was suffering because he was never home and the pressure just about unbearable.
     
    Last edited: 11th Jan, 2019
  15. Scott No Mates

    Scott No Mates Well-Known Member

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    Providing you have a certificate of registration, some commercial companies out there are prepared to train you (properly) but you are better suited to the industry if you have a degree in property.

    There are many ways to get into commercial especially if you have transferable skills. Try any of the temp employment agencies - you can end up with a grunt's role and get some great exposure
     
  16. D.T.

    D.T. Specialist Property Manager Business Member

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    It increased because of a federal Fair Work decision regarding their wages. See Welcome to the Fair Work Ombudsman website which talks about only certain ones allowed to be commission only, pay annual leave etc. So the sales reps cost more - so they're expected to bring in more as a result.
    Yes - the industry needs a bit of a shake up here, but its less difficult when you have nice landlords :)
    Yup.
     
  17. jim1964

    jim1964 1941

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    Let me tell you from 1st hand experience, commission only is a hard gig, you still have sales targets/KPI to achieve,makes no difference, if you are debit/credit, your commission cut is a bit lower.I am finding my area market really is Competitive to the point of sometimes how do you compete.....
     
  18. balwoges

    balwoges Well-Known Member

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    I loved selling real estate, best job I ever had was managing a small rent roll and selling as well. But I couldn't cope with the pressure of full time selling and eventually settled for Head PM for a large real estate company in North Sydney for which I was paid a lot of money and didn't lose any sleep :D
     
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  19. Scott No Mates

    Scott No Mates Well-Known Member

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    We won't hold that against you :rolleyes:
     

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